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Old 12-09-2013, 07:00 AM   #21
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Interesting how I react differently to different amounts of debt. I paid off both mortgages but when I bought DD a car for college graduation I took a 0% finance option in lieu of a rebate. In any event, I would start the finance package and get the rebate.

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Old 12-09-2013, 04:43 PM   #22
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Location: Eastern WV Panhandle
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I just went through a similar scenario. I went through Consumer Reports Online car buying service (free if you're already a member) they contact some car dealers for a target price who agree to match it.

The closest dealer is not a participant but has a good reputation otherwise so I presented them with CR's target which they would match if I financed through them. Like you I was going to pay cash for the car and there is no prepayment penalty. So I took the financing at 1.9%, I'll make one payment in January and then pay off the loan in February.

Works for me.

I heard the call to do nothing. So I answered it.
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Old 12-09-2013, 05:28 PM   #23
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Location: Mississippi
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I did similar back in '06, the incentives were better. Got $1500 rebate for financing through their credit arm. I told them I was paying in full at the first payment, but they said 95% of the people they signed up never do that.

The catch I have seen the 0% and low rate offerings is that you can take it instead of the rebates/discounts, you don't get both.

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